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onsider the following abbreviated financial statements for Cabo Wabo, Incorporated: CABO WABO, INCORPORATED Partial Balance Sheets as of December 3 1 , 2 0 2

onsider the following abbreviated financial statements for Cabo Wabo, Incorporated:
CABO WABO, INCORPORATED
Partial Balance Sheets as of December 31,2021 and 2022
Assets 20212022 Liabilities and Owners Equity 20212022
Current assets $ 3,088 $ 3,290 Current liabilities $ 1,357 $ 2,008
Net fixed assets 13,98314,504 Long-term debt 7,2938,342
CABO WABO, INCORPORATED
2022 Income Statement
Sales $ 44,895
Costs 22,487
Depreciation 3,843
Interest paid 1,009
a. What is owners equity for 2021 and 2022?
Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g.,32.
b. What is the change in net working capital for 2022?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
c-1. In 2022, the company purchased $7,975 in new fixed assets. The tax rate is 21 percent. How much in fixed assets did the company sell?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
c-2. What is the cash flow from assets for the year?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
d-1. During 2022, the company raised $2,437 in new long-term debt. What is the cash flow to creditors?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.
d-2. How much long-term debt must the company have paid off during the year?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.

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